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If $P Is Invested for N Years at Rate I

Question 42

Multiple Choice

If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by , and the interest earned is Find I for the given P, n, and i. Round your answer to two decimal places. If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by , and the interest earned is Find I for the given P, n, and i. Round your answer to two decimal places. $1800 for 5 years at 10%. A) $2898.92 B) $835.38 C) $1062.88 D) $1098.92 E) $4698.92 If $P is invested for n years at rate i (as a decimal) , compounded annually, the future value that accrues is given by , and the interest earned is Find I for the given P, n, and i. Round your answer to two decimal places. $1800 for 5 years at 10%. A) $2898.92 B) $835.38 C) $1062.88 D) $1098.92 E) $4698.92 $1800 for 5 years at 10%.


A) $2898.92
B) $835.38
C) $1062.88
D) $1098.92
E) $4698.92

Correct Answer:

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